Oil Prices Rise as Demand Increases
Crude Oil and Gasoline Prices
The benchmark U.S. crude oil for March delivery saw a 65 cent increase, reaching $78.01 per barrel on Friday. Similarly, Brent crude for March delivery rose by $1.12, reaching $83.55 per barrel.
Wholesale gasoline prices for February delivery also experienced a 3 cent increase, reaching $2.29 per gallon. Additionally, February heating oil prices rose by 4 cents, reaching $2.84 per gallon. February natural gas prices rose by 14 cents, reaching $2.71 per 1,000 cubic feet.
Precious Metals Prices
Gold prices for February delivery saw a slight decline of 50 cents, reaching $2,017.30 per ounce. Silver prices for March delivery also fell by 6 cents, reaching $22.87 per ounce. March copper prices fell by 2 cents, reaching $3.85 per pound.
Currency Exchange Rates
The dollar strengthened against the Japanese yen, rising to 148.10 yen from 147.84 yen. The euro also saw a slight increase, rising to $1.0859 from $1.0835.
Disclaimer: The information provided in this article is for general informational purposes only and should not be considered as investment, tax, legal, financial planning, estate planning, or any other personal finance advice. The views and opinions expressed are those of the authors and do not necessarily reflect the official policy or position of The Epoch Times. The Epoch Times holds no liability for the accuracy or timeliness of the information provided.
